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Whether you're buying your first home, moving up the property ladder, remortgaging, or buying to let, we can help you find the best deal - find out more about our Mortgage Advice service....

DO YOU HAVE A BAD CREDIT HISTORY?

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Competitive rates on all loan offers

We make it easy to find the right mortgage at the right rate for your circumstances. As a Whole of Market broker we have access to a wide range of mortgages from a variety of different lenders, so we can find the perfect fit.

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Support throughout the entire process

Throughout the whole process we serve as your liaison, not just with the lender, but with all of the other professionals that are part of the transaction. We will be your single point of contact and your companion throughout.

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Bad Credit Mortgages

There are a lot of people out there who are looking for a mortgage with bad credit. If you are in a fix over how to get a mortgage with bad credit then read on…

However, because of their poor credit, they often find it difficult to get any lenders when it comes to remortgage. What they really need is someone who can work with their unique credit situation. That way they can get rid of the block they have in their minds about not being able to borrow. Do not worry if you are not able to get credit because you don’t have a good credit. Everyone’s credit history is unique and you will definitely be able to find a lender who can welcome you with open arms.

There are a lot of people who have a bad credit but they are committed to getting their credit back in shape. If you are one of them, then don’t worry because you will have a lot lenders wooing you. If you are prepared to handle old defaults and arrears then more often than not, you will find yourself in a more than favourable situation. Which is to say that you can easily lenders if you are ready to set the record straight. No one’s credit is always completely out of control and given a few experts, getting a remortgage should not be a problem. It may be very hard to find the right lender, but now, more than ever before there are large avenues for borrowers of all kinds. So, if you have a complicated financial issue, then you don’t need to worry. Yours is a situation shared by many.

What Affects Your Credit Rating?

There are quite a few ways to get yourself in the mess of bad credit. Sometimes it can be as simple as falling behind credit on your minimum payments. Whether it is credit cards, store cards, personal loans or something else, you can always get behind on your credit.

Mortgage With Default

If you have a default on your credit file then there is a likelihood that you have been or will be rejected if you apply for a mortgage. As you are well aware, several high street lenders are very particular about who they lend and they usually do not touch people with bad credit. To be crude, it’s bad business for them. That’s why the only people they approve are the ones with clean credit. However there are loads of people out there who have a less-than-perfect and yet are able to obtain mortgage from some good lenders. It just depends on your applications. These lenders do generally want to help you but would not go out of their way to get you a mortgage. You have to make sure that you build a strong case if you want a mortgage.

There are loads of people with default who are getting credit every single day. You can well be one of them. However, you need a great advisor or an expert by your side who can tell well from bad. A good expert will tell you ways to make your application better and will look for many ways to get you a credit. In good hands, you will always get a mortgage.

There are a lot of lenders out there who are willing to give credit. That’s why a good expert advisor will keep your information confidential and tell you ways to get the best credit. If you have a lot of debt then all you need to do is consolidate all your debt in one manageable monthly payment. And this can be done only if you remortgage. A bad credit remortgage can also be used to raise cash for other reasonable expenses. So, if you have credit on file, it’s not the end of the road for you.

Adverse Credit Mortgage

Do you have a long due renovation that you need to undertake but just can’t do it because you have adverse credit? What you really need to know is how the lenders work and you can get a clearer picture of how to get around what they really do. When lenders get applications, they like to keep it simple for themselves and assign your credit a number. These numbers are usually between 1 and 3. Higher the point, lower the chance of remortgage.

However something has happened on this point scale recently. The county court judgments and mortgage arrears rate the points that are the highest, which is to say that they are the most severe. However, it must be noted that the lenders work differently when it comes to individuals. One lender may look at your score differently than the other and that’s where you can really score points. One mortgage provider may look at it as a very negative score while another as moderately negative score. It’s just down to the provider and if they are willing to work with your application.

That’s why it is quite possible to obtain a mortgage even if you have arrears and bad credit. You must know this that your credit information is time sensitive. The bad credit of yesterday may be turned over into good history.

What If You Have Been Refused Or Declined A Remortgage? This one is a hard one to swallow and can sometime linger on your credit history a bit longer than you would like. And not to mention how demoralizing and embarrassing it is. However, you must know that one lender may consider a type of credit history bad while another may not. It’s all very relative.